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Chinese financial company to enter Poland

14:57

China's consulting firm, Longmarch Partners Limited (LMP) has been considering entering the Polish market in cooperation with Poland's debt portfolio management company Kredyt Inkaso, Puls Biznesu daily reported. LMP considers the investment in Poland as strategic, not a financial one. "From our point of view it is a key market for our expansion in the region," said the firm's CEO Naichuan Miao. That is why the Chinese company chose Poland's Kredyt Inkaso which has been operating in Romania, Bulgaria and Russia to cooperate with. "We would like to work with Kredyt Inkaso in terms of portfolio investments. We can spend $50 million at the first stage," the LMP's CEO said. The company will make the final decision "soon." LMP has been cooperating with equity funds and financial institutions, its portfolio is valued at $4 billion.  

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